Author: Robert Kiyosaki with Sharon Lechter
This book is an eye opener. The author rightly states that in schools/colleges, students learn and acquire and study a skill, so that they can work later on and earn money. What is NOT taught is how to utilize that money. Hence many times, we all come across people who get lot of money in a short while, but again end up becoming bankrupt. Whereas some people, in spite of not having a lot of money, go on to become millionaires. Here is where financial knowledge comes into picture. Hence the author tries to emphasize on developing each one's financial intelligence.
Important things that I learnt from this book are -
- Understanding the difference between assets and liability
- Understanding one's cash flow pattern
- Understanding the different income types
The author has invented a game called CashFlow. The game is similar to Monopoly. But tries to teach how to get out of the daily 'rat race'. I found a great animation of the game on the internet http://cashflow.vo.llnwd.net/o16/cashflow3.swf
